Tata motors share down 5 percent investors huge loss after September 2022 quarter – Business News India
read on appTata Motors Share: Shares of Tata Motors slipped 5 per cent to Rs 409.30 on the BSE in Thursday's intra-day trade. This fall in the shares of the company has been seen
after weak quarterly results. In fact, the net loss of Tata Motors, a company of vehicle maker Tata Group, came down to ₹944.61 crore in the second quarter of the current
financial year. The company told the stock market on Wednesday that there was a net loss of ₹ 4,441.57 crore in the July-September quarter of the financial year 2021-22. What did
Tata say?On the outlook, Tata Motors said demand remains strong, albeit with a slight hold in view of global uncertainties. The company said improvement in chip supply and
reduction in commodity prices will lead to improved revenue and margins and hence a strong improvement in EBIT. Also read- Important news for crores of customers of SBI: Government
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Company's income increased The company told the stock market on Wednesday that there was a net loss of Rs 4,416 crore in the
July-September quarter of the financial year 2021-22. However, the total income of Tata Motors increased to Rs 80,650 crore in the second quarter of the current financial year. In
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the second quarter of the previous financial year, it was Rs 62,246 crore.
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